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Report summary

Over the past decade, electricity demand grew on average 6% a year on the back of highly subsidised electricity prices, strong GDP and population growth. The power sector has however being challenged in recent years due to a severe decline in domestic gas production, leading to severe black-outs, and capacity shortages. But the government has been successful at attracting investors to build new power generation capacity, while new large gas production will hit the market from 2018.

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